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Non Compete Agreement Business To Business Template for Singapore

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Key Requirements PROMPT example:

Non Compete Agreement Business To Business

"I need a Business-to-Business Non-Compete Agreement to restrict a software development company from competing with our business in Singapore and Malaysia for 24 months after our joint venture ends in March 2025."

Document background
Business-to-Business Non-Compete Agreements are crucial documents used when companies need to protect their legitimate business interests during commercial relationships. These agreements, governed by Singapore law, are commonly implemented during business sales, strategic partnerships, or when engaging service providers with access to sensitive information. The document outlines specific restrictions on competitive activities, including geographic scope, duration, and prohibited activities, ensuring compliance with Singapore's Competition Act and restraint of trade principles. The agreement must be carefully drafted to balance commercial interests with legal enforceability.
Suggested Sections

1. Parties: Identification of the contracting businesses, including registered addresses and company numbers

2. Background: Context of the agreement and relationship between parties

3. Definitions: Key terms used tHRoughout the agreement

4. Scope of Non-Compete: Detailed description of prohibited activities and business areas

5. Duration: Time period for which restrictions apply

6. Geographic Limitations: Territorial scope of the restrictions

7. Consideration: Value exchanged for the non-compete obligations

8. Remedies for Breach: Consequences and available remedies if agreement is violated

9. Governing Law: Specification of Singapore law as governing law

Optional Sections

1. Confidentiality: Additional provisions for protection of confidential information when parties will exchange sensitive information

2. Non-Solicitation: Additional restrictions on approaching employees or customers when protecting these relationships is crucial

3. Assignment: Provisions regarding rights to transfer obligations to other parties when such transfers might be necessary

4. Dispute Resolution: Specific process for resolving disagreements tHRough arbitration or mediation

Suggested Schedules

1. Schedule 1 - Restricted Business Activities: Detailed list of specific activities covered by non-compete

2. Schedule 2 - Restricted Territory: Detailed description or maps of geographic restrictions

3. Schedule 3 - Consideration Details: Breakdown of compensation or consideration structure

4. Schedule 4 - Related Companies: List of affiliated companies covered by the agreement

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions




















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Industries

Contract Law: Common law principles of contract formation, Singapore Contract Law (Cap. 2). Covers fundamental requirements for validity including offer, acceptance, consideration, and intention to create legal relations.

Competition Act: Competition Act (Cap. 50B) including Section 34 prohibition on anti-competitive agreements. Non-compete provisions must be carefully drafted to ensure compliance with competition laws.

Restraint of Trade Doctrine: Common law doctrine requiring reasonable limitations in geographic scope, duration, and scope of prohibited activities. Must demonstrate protection of legitimate business interests.

Industry-Specific Regulations: Sector-specific business regulations and requirements that may impact the terms and enforceability of the non-compete agreement in particular industries.

Civil Law Act: Governs remedies and enforcement mechanisms for breach of contract, including considerations for injunctive relief and damages.

International Law Considerations: Aspects relating to cross-border enforcement, choice of law and jurisdiction clauses, especially relevant when parties are from different jurisdictions.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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